Quick Facts

Where the impacts of the investment may be experienced.
  • Brazil
Location: Bahia
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Inter-American Investment Corporation (IIC)
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-11-21
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Copacabana Geracao de Energia em Participacoes S.A
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Energy
Investment Type(s): Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ IIC website
Updated in EWS: 2017-10-20
Disclosure Date: 2017-08-21
Complexo Eolico Serra da Babilonia

Project Description
The project consists of the design, construction, operation and maintenance of the wind cluster of “Eólica Serra da Babilônia”, which consists of eight (8) adjacent wind farms totaling 223.25 MW of capacity in the state of Bahia, located in the Northeast of Brazil and the construction of a 75km transmission line (the “Project”).
Investment Description
Private Actors
The Project is being developed by eight (8) Special Purpose Enterprises created under Brazilian law for the specific purpose of the development of the Project, under the control of Copacabana Geração de Energia em Participações S.A. The sponsor of the Project is Rio Energy Fundo de Investimento em Participações Multiestratégia and was awarded a 20-year inflation indexed Power Purchase Agreement by the Câmara de Comercialização de Energia Elétrica.
Contact Information
For inquiries and comments to IIC, contact: IIC’s Communications Group E-mail: divulgacionpublica@iadb.org ACCOUNTABILITY MECHANISM OF IIC The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).